FRIDAY, March 29, 2024
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TCG reports Bt48 bn credit guarantees in H1

TCG reports Bt48 bn credit guarantees in H1

THE THAI CREDIT Guarantee Corporation (TCG) has reported that its 11 branches attained their targets in the first half of the year, with combined credit guarantees of more than Bt48 billion, up 15 per cent from the same six months of last year.

The total value of loans received by 17,000 small and medium-sized enterprises was more than Bt65 billion, according to TCG president Nithit Manulporn.
The demand for loans and credit guarantees from SMEs continued to increase over the past six months.
A number of credit-guarantee schemes received interest from SMEs and affiliated banks in the first six months.
The newly improved “PGS5” scheme helped 10,999 SME operators obtain loans with combined credit-guarantee value of Bt38.70 billion. The “Policy Loan” scheme in conjunction with the Small and Medium Enterprise Development Bank of Thailand helped 2,400 SME operators obtain loans with combined credit-guarantee value of Bt6.90 billion. The “Micro Entrepreneurs” scheme helped 3,500 SME operators obtain loans with combined credit-guarantee value of Bt400 million.
Nithit said the success of TCG’s credit-guarantee policy and support for SME operators in the first half could be attributed to two factors.
The first factor was government measures to stimulate, promote and assist SMEs, new businesses (start-ups and innovators) and micro-entrepreneurs via TCG’s credit guarantees.
Second was TCG’s proactive strategy to assist SME operators through various activities to promote awareness of the credit guarantees available to them, as well as more accommodative credit-guarantee terms and conditions for SMEs. About Bt20 billion in credit guarantees is still available for SMEs until September, Nithit said.
 

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